This property looks like a bad Long-Term investment with a projected -11.05% first-year return on $139k initial cash invested.
-11.05%
Cash On Cash
4.61%
Cap Rate
0.71
DSCR
$4,793
Rent
-$1,277
Cashflow
Cash Flow
$4,793 income − $6,070 expenses = $1,277 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,604
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,793
Total Expenses
$6,070
Mortgage P&I
75%
$3,572
Property Taxes
16%
$782
Home Insurance
5%
$241
HOA
5%
$228
Property Management
10%
$479
CapEx
5%
$240
Vacancy
6%
$288
Maintenance
5%
$240
Other
0%
$0